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News focus - Expansion - Willis unveils plans for five-year buying spree to boost growth.
(From Reinsurance)
In a recent investor briefing designed to highlight the company's five-year strategy, the Willis group has highlighted aggressive growth targets to be fuelled both organically and by acquisition.
In recent weeks the broker has been linked with major acquisitions, including Jardine Lloyd Thompson and Heath Lambert Group.
Willis revealed a goal to acquire $50-$100m of revenues per year over the next five years, reduce salaries and benefits costs as a percentage of total revenues to below 54% over the same time period and maintain adjusted operating margins of 28% or better, as well as achieve industry-leading organic revenue growth.
Willis boss Joe Plumeri said: "Our team has built a great position, has a differentiated vision and will continue our track record ...
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